Application for Irrevocable Documentary CreditTo: OCBC Wing Hang Bank Limited Date:

Hong Kong

We request you to issue the following Irrevocable Documentary Credit ("DC") on the following terms and conditions by: courier airmail full cable brief cable and followed by airmail

Name and address of beneficiary Name and address of applicant

A/C No. Amount in figures

Amount and quantity % more or less are acceptable

Advising Bank (if any)

This DC is available with: Issuing bank Any bank By Negotiation Acceptance

Sight Payment Deferred Payment

At Sight ________ days______________________________Drafts drawn on (applicable to acceptance DC only)

Issuing bank ______________________________________

Place of taking in charge / Dispatch from / Place of receipt:

Port of loading / Airport of departure: Port of discharge / Airport of destination: Place of final destination / For transportation to/Place of delivery:

Latest Shipment / Cargo Receipt Date: Expiry Date:

Partial shipments/deliveries allowed prohibited Place of Presentation: In country of beneficiary Transhipment allowed prohibited At issuing bank’s counter

DOCUMENTS REQUIRED: Signed Commercial Invoice(s) in original(s) plus copy(ies).

Packing List in original(s) plus copy(ies). Full set of clean “Shipped On Board” Bills of Lading made out to order of OCBC Wing Hang Bank Limited shipper, blank endorsed, marked “Freight Prepaid / Collect” and notify applicant. Clean Air Waybill consigned to OCBC Wing Hang Bank Limited applicant, marked “Freight Prepaid / Collect” and notify applicant showing flight date and number and this DC number. Insurance Policy/Certificate endorsed in blank for at least 110% CIF or CIP value covering Institute Cargo Clauses (A / B / C / Air), Institute War Clauses (Cargo / Air Cargo), Institute Strikes Clauses (Cargo / Air Cargo) and Institute Theft, Pilferage and Non-Delivery Clauses, showing claims payable at destination in the currency of this DC. Cargo Receipt issued and signed by applicant, whose signature(s) must be in conformity with opening bank’s records, certifying that the goods have been received in good order and condition in trust for OCBC Wing Hang Bank Limited and mentioning this DC number, description and value of goods.Additional documents and other conditions required are to be continued on attached sheet(s) which form an integral part of this application.

DESCRIPTION OF GOODS:

Trade Terms: FOB CFR CIF Local Delivery Others _______________________ Location ________________________ BACK-TO-BACK CREDIT:

This is a back-to-back credit against the support of a master credit No. ___________________________________________ (the "Master Credit").

TRUST RECEIPT ("T/R") LOAN APPLICATION: Please book a T/R loan for the settlement of drawing(s) under this DC. This T/R loan application is subject in all respects to the Pledge and Trust Receipt attached or Pledge and Master Trust Receipt Agreement previously signed and delivered to you by us, if any.

INSURANCE COVER:Insured under open policy no. ___________________________________. Relative insurance cover note to follow. Please cover insurance for us with Institute Cargo Clauses (A / B / C / Air ). Insurance to be covered by ultimate buyer.

ADDITIONAL INSTRUCTIONS AND CONDITIONS: Opening bank’s charges are for account of applicant; charges of other banks, including payment charges, are for account of beneficiary. Documents to be presented within __________ days after date of shipment/cargo receipt but within the validity of this DC. Please inform beneficiary to collect original DC at your counter by Tel:

REMARKS: If there are any queries, please contact Mr. / Ms. ______________ by Tel. ______________

FOR BANK’S USE ONLY Original faxed by ( ) Branch

DC No.

Signature Verified:Officer Name

and InitialAuthorized Signature(s) and Company Chop

THIS APPLICATION IS SUBJECT TO THE CONDITIONS SET OUT OVERLEAF

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CONDITIONS1. This application and the relevant DC to be issued are subject to the Uniform Customs and Practice for Documentary

Credits of the International Chamber of Commerce as are in effect from time to time and any other agreement(s)previously signed and delivered to OCBC Wing Hang Bank Limited, Hong Kong (the "Bank") by the applicant of thisapplication (the "Applicant"). In case of conflict, terms of this application shall prevail to the extent of conflict.

2. The Applicant undertakes to pay and reimburse the Bank any sum in connection with the DC upon the Bank's demandand irrevocably authorizes the Bank to debit the Applicant's account(s) for any such sum at any time the Bank thinksappropriate. Such sum includes interest, costs, expenses, commissions, reimbursement claims from any nominated bankor confirming bank and any payment, prepayment or purchase effected by the Bank in connection with the DC, allirrespective of any alleged discrepancies in the presented documents and/or any fraud that may be alleged at any time ordiscovered subsequent to such payment, negotiation, prepayment or purchase by any nominated bank, confirming bank orthe Bank.

3. All documents presented under the DC and the relevant goods will be automatically pledged to the Bank as security forthe Applicant's liabilities and obligations owing to the Bank but the risk of the goods shall be with the Applicant at alltimes.

4. All the terms and conditions of the DC must be identical to that of the master credit detailed overleaf ("Master Credit"),if any, except as otherwise agreed by the Bank.

5. The Applicant agrees that the Bank may, at its sole discretion and without consent from the Applicant, amend the termsand conditions of the DC stated in this application and/or insert additional terms and conditions into the DC as the Bankthinks appropriate. The Bank may, subject to the beneficiary's consent, cancel the whole or any unused balance of theDC.

6. The Bank is irrevocably authorized (but is not obliged) to (i) utilize documents presented under the DC for the drawing ofthe Master Credit; (ii) negotiate the presented documents, prepay the deferred payment undertaking incurred by the Bank,purchase the draft accepted by the Bank under the Master Credit or make any advance(s) against the documents presented("Financing"); and (iii) directly apply the Financing proceeds of the Master Credit to settle the corresponding drawing(s)under the DC without first crediting such proceeds to the Applicant's account with the Bank, irrespective of discrepanciesthat may appear on the documents presented under the DC (all of which, if any, are hereby waived).

7. The Applicant undertakes to examine the customer copy of the DC issued by the Bank and irrevocably agrees that failureto give a notice of objection about the contents of the DC issued by the Bank within 5 banking days after the customercopy of the DC is sent to the Applicant shall be deemed to be its waiver of any rights to raise objections or pursue anyremedies against the Bank in respect of the DC.

8. If the Applicant instructs the Bank to permit T/T reimbursement, the Bank is irrevocably authorized to pay and/orreimburse the relevant claiming bank or reimbursing bank upon receipt of a claim from such bank even prior to theBank's receipt of the presented documents. The Applicant shall bear all the relevant risks (including non-receipt and non-compliance risks of the presented documents) and shall reimburse and indemnify the Bank for any payment made underthe DC.

9. The Applicant agrees and acknowledges that it is the sole responsibility of the Applicant to (i) ensure clarity,enforceability or effectiveness of any terms or requirements incorporated in the DC; and (ii) comply with all applicablelaws and regulations regarding the underlying transaction to which the DC relates and obtain all necessary documents andapprovals from any governmental or regulatory bodies and produce such documents or approvals to the Bank uponrequest. The Bank is not responsible for advising and has no duty whatsoever to advise the Applicant on such issues.The Bank shall not be liable to the Applicant for any direct, indirect, special or consequential loss or damage, costs,expenses or other claims for compensation whatsoever which may arise out of such issues.

10. Notwithstanding any instruction(s) stipulated in this application, the Bank may, at its sole discretion, name or instruct anycorrespondent to be the advising, confirming or nominated bank in respect of the DC.

11. Any action taken or omitted by the Bank or by any of its correspondents or agents in good faith under or in connectionwith the DC shall be binding on the Applicant and shall not place the Bank or its correspondents or agents under anyliability to the Applicant.

12. The Applicant agrees that the Bank is fully entitled to reject any discrepant documents presented under the DCnotwithstanding that the Applicant may have waived such discrepancy.

13. The Applicant further undertakes that it shall indemnify the Bank and the Bank's delegate(s) on demand (on a fullindemnity basis) against all liabilities, losses, payments, damages, demands, claims, expenses and costs (including legalfees), proceedings or actions which the Bank or the Bank's delegate(s) may suffer or incur in connection with thisapplication and the DC.

14. If this application is executed by more than one party, the obligations and liabilities of each of the parties are primary aswell as joint and several and the Bank will be at liberty to release, compound with or otherwise vary or agree to vary theliability of any one without prejudicing or affecting the Bank's rights and remedies against the others.

15. Save as otherwise provided in Clauses 11 and 13 hereof, the operation of the Contracts (Rights of Third Parties) Ordinance(Cap.623) is hereby excluded.

16. This application is governed by and construed in accordance with the laws of the Hong Kong SAR and the Applicantagrees to submit to the non-exclusive jurisdiction of the Hong Kong Courts.

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